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East Midlands Chamber News

Labour leader accuses property developers of hoarding land

Labour leader Ed Miliband is to accuse some property developers of hoarding land and failing to build the homes that the country needs.

In a speech today, he will say too many firms with planning permission for projects are "sitting on land" as it gains value, instead of using it.

Labour is considering giving councils more powers to penalise firms which do not proceed with building projects, says the BBC.